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Shipping-stock investors suffer another episode of whiplash Thursday as shares reverse the previous day's gains.
Shipping stocks are soaring Wednesday afternoon, far outpacing a rally in the broader market.
DryShips agrees to accept $30.8 million rather than $61 million for the M/V Paragon.
DryShips shares are dropping after the company announced it would accept half the original sale price for one of its ships.
Shipping stocks are getting dashed against the rocks, with double-digit losses across the board.
Eagle Bulk Shipping reports net income that meets analyst estimates and a 64% rise in revenue.
Genco posts fourth-quarter earnings, and DryShips reaches a final agreement with Nordea Bank for a covenant waiver.
The shippers are thrashing about as the broader market stays stuck in the red.
Shipping stocks had a bumpy start Tuesday but rose into the close after an analyst at Wachovia upgraded three shippers.
An analyst at Oppenheimer has upgraded the stock to Perform, contending that the downside has been realized.
Diana Shipping and the rest of the sector are off to a rough start Friday.
Diana Shipping shares were on the rise Thursday after the company met analysts' expectations with a huge jump in fourth-quarter earnings.
Traders believe that signs of a recovery in the shipping industry are premature.
DryShips says it has reached a preliminary agreement with Nordea Bank Finland to obtain a covenant waiver in connection with its $800 million Primelead loan.
DryShips and its peers, which rallied impressively earlier in the week, are abruptly reversing course.
Cut through the market clutter with charts. Here are four to watch in the transportation sector.
DryShips shares are on the rise on news that the bulk carrier has amended its loan agreement with Piraeus Bank.
This week, we deliver expert insight on what catalysts could turn things around in the slowing global economy from Standard and Poor's international equity strategist Alec Young. We also reveal insider perspective on how to hedge for a global recession from Ed Mullen, CEO of Emperor Investment Management, the first hedge fund in mainland China. Also - don't miss what two telecom stocks you should watch, straight from technology reporter Gary Krakow, and the answer to one viewer's question on what could finally lift the Baltic Freight Index and save the shippers.
There was very little selling pressure so today felt more about lack of buying than real selling.
It's hard to call a bottom in the Dry Bulk index, but these stocks are worth checking out.
The trading panel gives an update on the crisis as the G7 members meet.
The trading panel says that financials' troubles are far from over.
The trading panel says that compared with oil, nat gas is a buy.
The Baltic Dry Index 101 portfolio includes such names as Eagle Bulk Shipping and Dry Ships.
June could be sunny for this group since it marks the beginning of the 2008 holiday season's speculative process.
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